sbdc economic outlook conference
Post on 07-May-2015
654 Views
Preview:
DESCRIPTION
TRANSCRIPT
Linking Economic and Workforce Development: National & Regional PerspectivesSeptember 18, 2012
September 18, 2012 | SBDC Economic Outlook Conference
Key Points
• Postsecondary education is the best insurance policy in an uncertain global economy
• Talent pipelines built on strong public-private partnerships will define winning regions
• Economic developers have a key role to play—linking, leveraging, and aligning
September 18, 2012 | SBDC Economic Outlook Conference
http://mjperry.blogspot.com/2012/06/chart-of-day-education-matters.html
September 18, 2012 | SBDC Economic Outlook Conference
http://www9.georgetown.edu/grad/gppi/hpi/cew/pdfs/CollegeAdvantage.FullReport.081512.pdf
September 18, 2012 | SBDC Economic Outlook Conference
http://www9.georgetown.edu/grad/gppi/hpi/cew/pdfs/CollegeAdvantage.FullReport.081512.pdf
September 18, 2012 | SBDC Economic Outlook Conference
Source: US Bureau of Economic Analysis, US Census Bureau
September 18, 2012 | SBDC Economic Outlook Conference
Source: US Bureau of Labor Statistics, US Census Bureau
September 18, 2012 | SBDC Economic Outlook Conference
Education: What’s at stake?• 37% (7.5M) of all new jobs in US expected by
2020 will require postsecondary degree*
• 16 out of top 25 fastest growing occupations in US will require postsecondary degree
• 91 out of top 100 highest paying occupations in US require postsecondary degree
Source: U.S. Bureau of Labor Statistics. *Degree as used here includes one or two-year certifications.
Springfield (MSA): 31% of workforce age 18-64 has associate’s degree or higher—86,000 out of 273,000—will it be enough to compete for the jobs of the future?
http://thehill.com/blogs/on-the-money/economy/248355-skills-gap-is-hampering-labor-market
“49% of business owners hired or tried to hire in the last three months and 37% reported few or no qualified applicants for
open positions.”
September 18, 2012 | SBDC Economic Outlook Conference
http://www.areadevelopment.com/AnnualReports/Winter2012/26th-Corporate-Consultants-RE-survey-results-287677888.shtml
Our #1 Challenge: Skills Gap
67% of employers reported that high unemployment is not making hiring easier. Lack of technical skills (advanced welding, tool programming) is largest barrier.
Where the Jobs Are Is Where the Skills Aren’t
“A serious mismatch is developing between the kinds of skills needed for areas of high projected job growth and the skills that will be available in the U.S. labor force.”
September 19, 1988
September 18, 2012 | SBDC Economic Outlook Conference
Texas: Staring Down the Skills Gap
Source: EMSI
September 18, 2012 | SBDC Economic Outlook Conference
Source: U.S. Bureau of Labor Statistics
Key Points
The talent pipeline is broken, especially for skilled trades.
Employers are defining job requirements in such a way that
applicants need to have done the job already.
Limited number of formal apprenticeship programs,
esp. in manufacturing.
Staffing Pattern for Electrical Equipment & Component ManufTop 5 Hiring Needs by % of Total Workforce Education Experience On-The-Job Training
Team Assemblers High school diploma None Up to 12 months
Electrical and Electronic Equipment Assemblers High school diploma None Up to 1 month
Extruding and Drawing Machine Setters, Operators, and Tenders High school diploma None Up to 12 months
First-Line Supervisors of Production and Operating Workers Postsecondary award 1-5 years None
Inspectors, Testers, Sorters, Samplers, and Weighers High school diploma None Up to 12 months
Are these realistic expectations about
employer needs and how the labor
market works?
http://www.prosperity2020.com
http://www.louisianaeconomicdevelopment.com/incentives--programs/led-faststart.aspx
http://www.nortech.org/news-room/press-releases/northeast-ohio-winner-of-white-house-jobs-and-innovation-accelerator-challenge
regional intermediary leading cluster effort
entrepreneurship workforce industry
Northeast Ohio Speed To Market Accelerator‐ ‐ will employ a step by step ‐ ‐process to help accelerate the commercialization of products, increase
the global competitiveness of cluster companies, attract additional private capital to the region, and attract students, incumbent workers,
and the unemployed to educational and training programs.
September 18, 2012 | SBDC Economic Outlook Conference
Taking action
• Re-imagine the role of economic development organizations in the talent pipeline—start with how we talk about workforce development
• Adopt measureable human capital goals as part of your organization’s strategic plan
• Read Cappelli’s book—what public-private partnerships are needed in Springfield?
September 18, 2012 | SBDC Economic Outlook Conference
http://www.austinchamber.com/education-talent/education-initiatives/
Modeled after apprenticeship programs in Germany
Cost to school district: $15K of federal Title I funds
Company promising that 75% of participating students will be offered full-time jobs as well as tuition assistance
http://www.tuscaloosanews.com/article/20120914/NEWS/120919880/1291/
http://www.pennyrilefuture.com
Government-funded programs love planning exercises—look for opportunities to align economic
and workforce strategies.
September 18, 2012 | SBDC Economic Outlook Conference
http://www.wfscapitalarea.com/images/stories/full%20report_state%20of%20workforce.pdf
Think creatively about how you can use data to align goals and market workforce assets.
http://www.reditn.com/redi-college-access
September 18, 2012 | SBDC Economic Outlook Conference
Key Takeaways
• Advocate for alignment in #econdev, #wkdev, and education whenever possible, especially with state and federal policy makers
• Shovel-ready sites & work-ready jobs—regions able to respond quickly with scalable training customized to employers will stand out
• Keep doing what you’re doing
September 18, 2012 | SBDC Economic Outlook Conference
@brianjkelsey
http://civicanalytics.com
linkedin.com/in/brianjkelsey
Brian Kelsey, PrincipalCivic Analytics LLCbrian@civicanalytics.com512-731-7851
top related